Question
On 1 April 2019, Penny was employed as an accountant at PayPl Ltd. Her salary package includes reimbursement of her home telephone account. During the
On 1 April 2019, Penny was employed as an accountant at PayPl Ltd. Her salary package includes reimbursement of her home telephone account.
During the 2020 FBT year, the total cost was $5431. Penny would have been entitled to claim a deduction of 25% under the Tax Acts.
PayPl Ltd is entitled to claim an input tax credit for GST purposes.
Required:
Calculate the Fringe Benefits Tax that PayPl Pty Ltd is liable to pay on this fringe benefit for the 2020 FBT year.
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Federal Taxation 2020 Comprehensive
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
33rd Edition
0135196272, 978-0135196274
